Wayfair Inc (NYSE:W) CEO Sells $3,865,420.00 in Stock

Wayfair Inc (NYSE:W) CEO Niraj Shah sold 26,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $148.67, for a total transaction of $3,865,420.00. Following the transaction, the chief executive officer now owns 27,402 shares of the company’s stock, valued at $4,073,855.34. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Niraj Shah also recently made the following trade(s):

  • On Tuesday, April 23rd, Niraj Shah sold 26,342 shares of Wayfair stock. The stock was sold at an average price of $146.78, for a total transaction of $3,866,478.76.
  • On Monday, April 15th, Niraj Shah sold 26,000 shares of Wayfair stock. The stock was sold at an average price of $147.96, for a total transaction of $3,846,960.00.
  • On Monday, April 8th, Niraj Shah sold 26,128 shares of Wayfair stock. The stock was sold at an average price of $150.20, for a total transaction of $3,924,425.60.
  • On Wednesday, April 3rd, Niraj Shah sold 5,000 shares of Wayfair stock. The stock was sold at an average price of $154.03, for a total transaction of $770,150.00.
  • On Monday, March 18th, Niraj Shah sold 31,000 shares of Wayfair stock. The stock was sold at an average price of $167.32, for a total transaction of $5,186,920.00.
  • On Monday, March 11th, Niraj Shah sold 31,000 shares of Wayfair stock. The stock was sold at an average price of $168.82, for a total transaction of $5,233,420.00.
  • On Monday, February 25th, Niraj Shah sold 31,000 shares of Wayfair stock. The stock was sold at an average price of $159.36, for a total transaction of $4,940,160.00.
  • On Tuesday, February 19th, Niraj Shah sold 17,000 shares of Wayfair stock. The stock was sold at an average price of $123.10, for a total transaction of $2,092,700.00.
  • On Monday, February 11th, Niraj Shah sold 14,000 shares of Wayfair stock. The stock was sold at an average price of $119.56, for a total transaction of $1,673,840.00.
  • On Monday, January 28th, Niraj Shah sold 9,000 shares of Wayfair stock. The stock was sold at an average price of $104.10, for a total transaction of $936,900.00.

Shares of NYSE:W traded up $0.74 during midday trading on Friday, reaching $154.49. The company had a trading volume of 1,153,987 shares, compared to its average volume of 2,021,512. The firm has a market cap of $14.04 billion, a PE ratio of -27.54 and a beta of 2.03. Wayfair Inc has a one year low of $60.53 and a one year high of $173.72.

Wayfair (NYSE:W) last released its earnings results on Friday, February 22nd. The company reported ($1.12) earnings per share for the quarter, beating the consensus estimate of ($1.80) by $0.68. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the firm earned ($0.58) EPS. The firm’s revenue for the quarter was up 40.0% on a year-over-year basis. As a group, analysts forecast that Wayfair Inc will post -7.81 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in W. Baillie Gifford & Co. increased its stake in Wayfair by 32.6% during the fourth quarter. Baillie Gifford & Co. now owns 3,773,309 shares of the company’s stock valued at $339,899,000 after purchasing an additional 927,813 shares during the last quarter. Polar Capital LLP bought a new stake in Wayfair during the fourth quarter valued at $37,227,000. Whale Rock Capital Management LLC bought a new stake in Wayfair during the fourth quarter valued at $32,169,000. Vanguard Group Inc. increased its stake in Wayfair by 7.5% during the third quarter. Vanguard Group Inc. now owns 4,761,964 shares of the company’s stock valued at $703,199,000 after purchasing an additional 332,832 shares during the last quarter. Finally, Vanguard Group Inc increased its stake in Wayfair by 7.5% during the third quarter. Vanguard Group Inc now owns 4,761,964 shares of the company’s stock valued at $703,199,000 after purchasing an additional 332,832 shares during the last quarter. Hedge funds and other institutional investors own 80.14% of the company’s stock.

Several equities research analysts recently issued reports on W shares. Zacks Investment Research cut shares of Wayfair from a “hold” rating to a “sell” rating in a research report on Saturday, March 2nd. Buckingham Research lifted their price target on shares of Wayfair from $130.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, February 25th. Oppenheimer lifted their price target on shares of Wayfair from $120.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, February 8th. Morgan Stanley lifted their price target on shares of Wayfair from $105.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 26th. Finally, Evercore ISI assumed coverage on shares of Wayfair in a research report on Wednesday, March 20th. They set an “outperform” rating and a $200.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $144.63.

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About Wayfair

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.

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